General Urban Kitchener Updates and Rumours

[taylortbb]

I still don’t understand how commercial landlords can stay in business doing things like that. There is a relatively fixed amount of entrepreneurial people and commercial rent has always seemed hilariously out of touch with reality.

It's either the developer sitting on unsold retail condo units--or the condo corporation dealing with the operation costs of the units with no rental income to make up for that. But if it were the latter case, I expect that the condo corp would drop the rent in order to attract tenants.

The units are listed for lease, so the developer isn't sitting on unsold commercial condo units. But I'm certain they're not run by the condo, that would be a multi-million dollar gift from the developer to the purchasers.